Guru’s Opinion on Aurora Cannabis Inc. [ACB]:
Cantor Fitzgerald have made an estimate for Aurora Cannabis Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on June 24, 2022. The new note on the price target was released on June 06, 2022, representing the official price target for Aurora Cannabis Inc. stock. On September 03, 2021, analysts decreased their price target for ACB shares from 7.49 to 6.78.
The Average True Range (ATR) for Aurora Cannabis Inc. is set at 0.14, with the Price to Sales ratio for ACB stock in the period of the last 12 months amounting to 1.81. The Price to Book ratio for the last quarter was 0.27, with the Price to Cash per share for the same quarter was set at 1.46.
ACB Stock Performance Analysis:
Aurora Cannabis Inc. [ACB] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -14.81. With this latest performance, ACB shares dropped by -8.00% in over the last four-week period, additionally sinking by -56.19% over the last 6 months – not to mention a drop of -81.33% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ACB stock in for the last two-week period is set at 42.85, with the RSI for the last a single of trading hit 38.97, and the three-weeks RSI is set at 44.35 for Aurora Cannabis Inc. [ACB]. The present Moving Average for the last 50 days of trading for this stock 1.4990, while it was recorded at 1.5020 for the last single week of trading, and 3.3553 for the last 200 days.
Insight into Aurora Cannabis Inc. Fundamentals:
Aurora Cannabis Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.80 and a Current Ratio set at 5.90.
Aurora Cannabis Inc. [ACB] Insider Position Details
There are presently around $70 million, or 31.96% of ACB stock, in the hands of institutional investors. The top three institutional holders of ACB stocks are: ETF MANAGERS GROUP, LLC with ownership of 10,526,850, which is approximately 6.013% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 7,118,236 shares of the stock with an approximate value of $9.82 million in ACB stocks shares; and MILLENNIUM MANAGEMENT LLC, currently with $4.52 million in ACB stock with ownership of nearly 613.53% of the company’s market capitalization.
96 institutional holders increased their position in Aurora Cannabis Inc. [NASDAQ:ACB] by around 16,188,090 shares. Additionally, 77 investors decreased positions by around 3,822,551 shares, while 116 investors held positions by with 30,463,264 shares. The mentioned changes placed institutional holdings at 50,473,905 shares, according to the latest SEC report filing. ACB stock had 32 new institutional investments in for a total of 3,049,254 shares, while 28 institutional investors sold positions of 519,932 shares during the same period.
Cantor Fitzgerald slashes price target on Aurora Cannabis Inc. [ACB] – find out why.